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. Last Updated: 07/27/2016

For the Record

The government commission for protective measures in foreign trade recommended Thursday keeping the timber export duty at the same level next year and cutting the import duty on some paper and cardboard to 5 percent from 15 percent. (Bloomberg)

MDM Bank agreed to borrow $285 million from a group of banks to help refinance, managing director Tengiz Kaladze said Thursday.(Bloomberg)

The ruble may strengthen 9 percent in six months against the dollar, Goldman Sachs said Thursday. (Bloomberg)

The government plans to offer licenses for the strategic Trebs and Titov oil deposits next year, Anatoly Ledovskikh, the head of the Federal Subsoil Resource Use Agency,  said Thursday. (Bloomberg)

Oil supplies to Europe via the Druzhba pipeline, halted after a power outage in Ukraine, were restored late Wednesday, Russian and Ukrainian officials said Thursday. (Reuters)